We present the investment Idea Mrs. Bectors Food Specialities Ltd (BFSL), a promising biscuit and bakery player in North India. We expect the company, one of the largest exporters of Biscuits from India and one of the largest suppliers of buns to QSR, to ride the discernible tailwinds of consumer spending. BFSL over the years has built a strong and recognizable brand. BFSL should continue to expand its product portfolio within the existing segments, focus on increasing sales realization and volumes, and provide differentiated offerings. The company can leverage its extensive experience to strengthen its industry position by developing new products to capitalize on emerging...